Sweden

Country Summary

2022 population pyramid

Introduction

Background

A military power during the 17th century, Sweden has not participated in any war for two centuries. An armed neutrality was preserved in both World Wars. Since then, Sweden has pursued a successful economic formula consisting of a capitalist system intermixed with substantial welfare elements.

Geography

Area

total: 450,295 sq km

land: 410,335 sq km

water: 39,960 sq km

Climate

temperate in south with cold, cloudy winters and cool, partly cloudy summers; subarctic in north

Natural resources

iron ore, copper, lead, zinc, gold, silver, tungsten, uranium, arsenic, feldspar, timber, hydropower

People and Society

Population

10,483,647 (2022 est.)

Ethnic groups

Swedish 80.3%, Syrian 1.9%, Iraqi 1.4%, Finnish 1.4%, other 15%

(2020 est.)

Languages

Swedish (official)

Religions

Church of Sweden (Lutheran) 57.6%, other (includes Roman Catholic, Orthodox, Baptist, Muslim, Jewish, and Buddhist) 8.9%, none or unspecified 33.5% (2019 est.)

Population growth rate

0.5% (2022 est.)

Government

Government type

parliamentary constitutional monarchy

Capital

name: Stockholm

Executive branch

chief of state: King CARL XVI GUSTAF (since 15 September 1973); Heir Apparent Princess VICTORIA Ingrid Alice Desiree (daughter of the monarch, born 14 July 1977)

head of government: Prime Minister Magdalena ANDERSSON (since 30 November 2021); Deputy Prime Minister Morgan JOHANSSON (since 10 September 2019)

Legislative branch

description: unicameral Parliament or Riksdag (349 seats; 310 members directly elected in multi-seat constituencies by open party-list proportional representation vote and 39 members in "at-large" seats directly elected by open party-list proportional representation vote; members serve 4-year terms)

Economy

Economic overview

small, open, competitive, and thriving economy that remains outside of the euro zone; has achieved an enviable standard of living, with its combination of free-market capitalism and extensive welfare benefits

Real GDP (purchasing power parity)

$524.75 billion (2020 est.)

Real GDP per capita

$50,700 (2020 est.)

Agricultural products

wheat, milk, sugar beet, barley, potatoes, oats, rapeseed, pork, rye, triticale

Industries

iron and steel, precision equipment (bearings, radio and telephone parts, armaments), wood pulp and paper products, processed foods, motor vehicles

Exports

$240.08 billion (2020 est.)

Exports - partners

Germany 10%, Norway 9%, United States 8%, Denmark 7%, Finland 6%, United Kingdom 5%, Netherlands 5%, China 5% (2019)

Exports - commodities

cars and vehicle parts, packaged medicines, refined petroleum, broadcasting equipment, lumber (2019)

Imports

$217.68 billion (2020 est.)

Imports - partners

Germany 18%, Netherlands 9%, Denmark 7%, Norway 7%, China 6%, Finland 5%, Belgium 5%, Poland 5% (2019)

Imports - commodities

cars and vehicle parts, crude petroleum, refined petroleum, broadcasting equipment, computers (2019)


Page last updated: Friday, May 13, 2022